IGI Logo

Below the Quote on Market Closing Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker

The onset of the new financial year saw a robust start in the markets, with the Sensex surging and closing 363 points higher at 74,014.55, while the Nifty climbed above 22,462. This positive trajectory was fueled by strong global market performance. All sectoral indices saw gains, especially in the metals sector. Additionally, the BSE midcap index witnessed a rise of 1.6%, and the smallcap index boasted an impressive gain of nearly 3%.

The prevailing sentiment in the market remains bullish, with evident momentum aiming for the Nifty to reach 22,700. In light of this optimistic outlook, market participants are advised to maintain a strategy of "buy on dips".

Above views are of the author and not of the website kindly read disclaimer